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Case law › Notifications › 1997 › Notification No. 120E
Notification 18 February 1997

Notification No. 120E

Alliance Capital Mutual Fund set up under the trust deed dated the 27th December specified under section 10

What this is

Notification No. 120E was published on 18 February 1997. Its subject is Alliance Capital Mutual Fund set up under the trust deed dated the 27th December specified under section 10.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.
Under the 1961 ActNow
s.10s.11, s.19

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

In exercise of the powers conferred by clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Alliance Capital Mutual Fund set up under the trust deed dated the 27th December, 1994, between Alliance Capital Management Corporation of Delaware, United States of America and Mr. Dave H. Williams, United States of America ; Mr. John D. Carifa, United States of America ; Mr. Gopi Arora, India ; and Mr. Deepak S. Parekh, India, and registered with the Securities and Exchange Board of India under regulation 9 of the Securities Exchange Board of India (Mutual Funds) Regulations, 1993, vide Registration Code MF/021/95/3, dated the 30th December, 1994, as a mutual fund for the purpose of the said clause.

[Notification No. 10277/F. No. 194/7/95-I TA-I]

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

← Notification No. 174E  ·  Notification No. 1428 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.